The use of frozen Russian assets for security for Europe to help fund Ukraine's defence in the war has been achieved by an EU decision. Now what?

German Chancellor Friedrich Merz has again urged fellow EU leaders to agree to use Russian state assets frozen in the bloc to provide financial support to Ukraine, a proposal that is set to dominate a high-stakes summit in Brussels later this week.

Russia's central bank has filed a lawsuit in Moscow seeking $230 billion in damages from Euroclear, marking the first step in what the Kremlin has warned will be a legal nightmare for the EU over plans to use frozen Russian assets to support Ukraine.

Russia’s Central Bank says it has filed a lawsuit against Belgian financial institution Euroclear. That's the Brussels-based clearing house that holds most of Moscow’s frozen assets in Europe.

Foreign Ministry says Bank of Russia sued Euroclear to recover damages from freezing of its assets - Anadolu Ajansı

The U.S. Treasury has rejected an offer from U.S. bank Xtellus to buy foreign assets of Russian oil firm Lukoil, three people familiar with the process told Reuters. Xtellus had offered to organise a swap of Lukoil securities held by U.